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 Introduction
- the purpose of this section of our website is to help you, the
private investor, identify the practical steps
towards becoming a property investor as well as quantify the risks and rewards
of Investing in Rental Property. We hope you will save weeks of research time
identifying the risks, steps and processes - legal, financial, logistical
and so on - as we explore the practical, independent, objective and
concise guide to the pros and cons of becoming a landlord. We hope the
following interest groups will find this section useful:-
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Prospective Landlords
planning a buy-to-let investment
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Homeowners thinking
of letting their house
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Long term investors
seeking balanced returns
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Property Consultants
seeking to advise
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Existing
Landlords
seeking higher returns
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Estate Agents
seeking to compliment a potential sale
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Analysts requiring
a Buy-to-Let Calculator model
Managing Risks of a UK Property Investment - in this section we define the types of
worries or risks most people think of as a landlord; secondly, the likelihood of
these risks actually occurring; thirdly, defining the potential financial
impact if one of these risks occurred and lastly show you how to
practically minimise these risks and the financial cost of doing so.
The risks covered include a house price crash, rental voids, rise in mortgage
interest rates, squatters or non-paying tenants, tenants damage your property
and failure to comply with statutory regulations (gas, electricity, fire and
Houses in Multiple Occupation). This chapter aims to force you to calculate the worst
financial cost case (in conjunction with the accompanying Buy-to-Let
Calculator) before you invest your money in a mortgage.
more....
The Practicalities
of Property Letting - 'taking practical action' is the theme throughout this section in which we provide hints, information,
checklists and actions. In particular, the section on covering 'Managing The
Let' provides valuable insights into the activities required to ensure; tenants pay
rent on time, respect your property (while at the same time) you meet their
needs and expectations and comply with your legal obligations as a
landlord. In particular this section covers, welcoming and check-in,
landlord responsibilities, tenants rights and responsibilities, rent collection,
dealing with tenants, upkeep and repairs, annual servicing, inspections,
accounting and administration, inventory and check out, assured tenancy
termination, renewal, early termination due to breach of Assured Shorthold
Tenancy agreement.
more....
Realising
Your Investment Goals - making money is ultimately what
this website aims to help you achieve! So in this section, 'Planning
Your Investment Goals' is dedicated to help you initially create realistic
goals. Later in, 'Realising Your Investment Goals' we aim to help
you finally realise those goals, tax efficiently�. As a buy to let
investor, you should be planning only for the medium to long term to produce a
combination of rental income and/ or capital growth. Your goals need to
be detailed, realistic, documented, forecasted and tested. The critical
success factors in actually achieving your goals will be your ability to
minimise the impact of rental voids, consistently manage your expense
structure (by matching tenant needs to property types) and lastly a good
understanding of how to avoid income and capital gains tax...
more....
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